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20121109
20121109
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post election speech from the white house. hallie jackson has the latest. good morning. >> good morning. people from capitol hill to wall street will be listening to what the president has to say today. the markets were open after a slump as investors worry about if lawmakers don't do something to avoid tax hikes and spending cuts. president obama will walk into the east room of the white house to call on congress to work together. >> these folks and the president have to worry if they come out to sharp they could create a more deep recession. >> that is the warning from the congressional budget office. believe the standoff could end with millions out of work and the unemployment rate of 9.1%. most lawmakers will not let it get to that 0.0 will try to hammer out a deal when the new congress takes over capitol hill. the speech today, president is expected to push for the bush era tax cuts for everybody except the wealthiest americans. >> what kinds of decisions to democrats and americans have to make? >> they are looking at a number -- how much they are going to reduce the deficit saving
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